Cost Accountant

MHI Ship Repair & Services is a major marine repair and conversion contractor serving the U.S. Navy, Military Sealift Command, Maritime Administration and Commercial ship owners and operators worldwide. Our shipyard is conveniently located in the Mid-Atlantic region at the port of Hampton Roads, Norfolk Virginia.

JOB SUMMARY:

ESSENTIAL FUNCTIONS

• Calculate monthly revenue and prepare various financial project result reports.

• Assist in the review of monthly project EACs; provide support as needed to project managers in the preparation of EACs.

• Prepare month-end journal entries, account reconciliations and other analysis.

• Assist in the periodic update of financial forecasts, including project revenue, gross margin, and indirect expenses.

• Understand and explain variances between actual and forecasted indirect rates.

• Ensure indirect rates are compliant with FAR and CAS. Perform applicable research and discuss with management to ensure alignment.

• Provide support to the Contracts department; assist with cost reporting and related requirements.

• Support the development and improvement of cost accounting systems and processes.

• Prepare and/or oversee the timely preparation of all contractual invoices, which may include fixed price, cost type, or time and material billings.

• Continuously monitor open accounts receivable. Understand issues behind late accounts receivable and work with appropriate internal and external counterparts to resolve timely.

• Support preparation of cash-flow forecasts.

• Prepare annual incurred cost submission to DCAA. Serve as primary support for DCAA audits.

• Provide support during internal and external audits.

• Drive continuous process improvements and participate in other ad-hoc projects as needed to support the business.

MINIMUM QUALIFICATIONS

• Bachelor's degree in accounting, finance, or a related field

• Three - five years of experience as a cost accountant or similar role

• Strong understanding of cost accounting principles and methodologies

• Proficiency in MS Excel and other financial software

• Excellent analytical and problem-solving skills

• Ability to work independently and meet deadlines

• Attention to detail and a high level of accuracy

• Strong communication and interpersonal skills

MHI Ship Repair & Services offers competitive wages and an excellent benefit package.

Affirmative Action/EOE Employer of protected veterans and individuals with disabilities.